People's Bank Of China

The Chinese market, which reopened on Tuesday after a weeklong public holiday, was pressured on Wednesday as domestic traders did not get the additional stimulus they had factored in. Come Thursday, things took a turn for the better as the People’s Bank of China announced measures to boost...

US-listed shares of Chinese stocks, including Alibaba Group Holding Limited (NYSE:BABA) and PDD Holdings, Inc. (NASDAQ:PDD), are trading slightly lower Monday following weak economic data released over the weekend. The Details: Data released on Saturday showed factory output, consumption and...

Pan Gongsheng, governor of the Chinese central bank, People’s Bank of China, dismissed the idea that its bond trading is a form of massive monetary easing. What Happened: Gongsheng clarified that the bond trading would be a liquidity management tool involving both buying and selling, the Wall...

China’s housing market continued to decline in May as manufacturing disappointed expectations. The real estate sector saw declines in investment and home prices, while industrial output gained 5.6% in May, according to the National Bureau of Statistics, the latter slowing from April and...

China’s central bank has been consistently accumulating gold for 16 months, in a move that could potentially undermine the dominance of the U.S. dollar. What Happened: The People’s Bank of China added approximately 390,000 troy ounces of gold in February, bringing its total gold...

It’s a bullish day on Wall Street, with major U.S. large-cap indices reaching record highs, driven by broad-based rallies in tech-related stocks as investors continue to embrace the AI trade. The U.S. government announced on Wednesday the National Science Foundation, in collaboration with...

China’s central bank, the People’s Bank of China, has once again injected money into the country’s financial system. This marks a continuous streak of 13 months, with the latest addition being the largest since 2018. What Happened: The People’s Bank of China provided an...

In line with the People’s Bank of China’s (PBOC) decision to maintain its policy rates, Chinese commercial banks have decided to keep their benchmark lending rates unchanged. What Happened: As per a report from Bloomberg, commercial lenders in China have kept the one-year loan prime...

China’s central bank  People’s Bank of China (PBOC) has unexpectedly slashed important policy rates for the second time in three months. According to Reuters, the PBOC made this decision to support the nation’s struggling economic recovery. The move paves the way for a...

Pan Gongsheng, a well-known critic of Bitcoin (CRYPTO: BTC), Ether (CRYPTO: ETH) and other cryptocurrencies, has been appointed as the leading official of the People's Bank of China (PBOC) by the Communist Party of China. What Happened: Quoting a Wall Street Journal report, The Block...

China is reportedly sitting on a $6 trillion pile of money, half of which is “hidden,” posing a new kind of risk to the global economy, according to Brad Setser, a former US trade and Treasury official. The “Shadow Reserves” Setser states that a significant portion of China...

Chinese employees can now be paid in the country's central bank digital currency (CBDC) in the Xiong’an New Area. What Happened: According to a report published Saturday on the official website of the Xiong’an New Area, the People’s Banck of China already...

Less than 48 hours before what's expected to be the largest IPO in history, the Shanghai Stock Exchange has suspended the IPO of Ant Group, the financial company partially owned by Alibaba Group Holding (NYSE: BABA). What Happened: The Shanghai Stock Exchange is temporarily postponing the IPO,...

Technology department chief at the People’s Bank of China (PBOC) Li Wei has encouraged the country’s commercial banks to build digital finance products based on the blockchain technology, Reuters reports. What Happened Wei’s comments, made at a forum in Shanghai, follow a similar...

The hot-and-happening economy is showing cracks. China, the world's second largest economy behind the United States, saw its economic growth decelerate to the slowest pace in over a quarter of a century in 2016 as it strives to transition to a neutral policy. That said, optimists expressed comfort...